Independent Producer The Garden Acquired By ITV

ITV plc has agreed to acquire the multi-award winning independent producer The Garden, the company behind Channel 4’s 24 Hours in A&E and The Audience, which are both nominated for Baftas in 2013, as well as Inside Claridge’s for BBC2.
The Garden was launched in June 2010 by Nick Curwin and Magnus Temple and has already become an important supplier of factual programmes to the BBC and Channel 4. Its credits also include Seven Dwarves for Channel 4 together with BBC2’s The Midwives and Keeping Britain Alive, an eight-part series providing a top to bottom profile of the NHS in one day.
ITV will pay an upfront cash consideration of £18m, with a further cash payment depending on The Garden's profit performance over the next five years. In 2012 The Garden made an operating profit of £2.5m.
The acquisition fits with a key objective of ITV’s five year Transformation Plan - to create world class content for multiple platforms, free and pay, both in the UK and internationally.
In 2011, ITV Studios signed a joint development agreement with The Garden as part of its strategy to find new ways of working with creative talent. ITV Global Entertainment, the distribution arm of ITV Studios, also distributes the majority of The Garden’s programming.
The Garden TV
ITV
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